Redwire (NYSE:RDW) Shares Up 4.2% – What’s Next?

Redwire Co. (NYSE:RDW) shares rose 4.2% during trading on Tuesday . The company traded as high as $12.18 and last traded at $12.01. Approximately 790,401 shares were traded during trading, a decline of 6% from the average daily volume of 840,069 shares. The stock had previously closed at $11.53.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 price target on shares of Redwire in a research note on Tuesday, March 11th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research report on Tuesday, March 11th. B. Riley lowered their target price on shares of Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, HC Wainwright reiterated a “buy” rating and issued a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Redwire has an average rating of “Moderate Buy” and an average target price of $17.71.

Redwire Price Performance

The business’s fifty day moving average price is $17.22 and its two-hundred day moving average price is $12.99. The stock has a market capitalization of $745.53 million, a PE ratio of -8.15 and a beta of 2.33.

Insider Buying and Selling at Redwire

In related news, major shareholder Park Lp Genesis II sold 5,371 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.01, for a total value of $96,731.71. Following the sale, the insider now owns 4,598,056 shares in the company, valued at $82,810,988.56. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 684,454 shares of company stock worth $13,682,993. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Redwire

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Redwire by 55.8% in the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after acquiring an additional 422,854 shares during the period. Federated Hermes Inc. grew its position in Redwire by 165.7% during the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company’s stock worth $8,202,000 after purchasing an additional 310,769 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Redwire during the 4th quarter valued at about $4,830,000. EAM Global Investors LLC acquired a new position in shares of Redwire in the 4th quarter valued at about $4,689,000. Finally, Andar Capital Management HK Ltd acquired a new position in shares of Redwire in the 4th quarter valued at about $3,621,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.